Davy Research

Virgin Money Holdings (VMN.L, VM/ LN)

  • 1706.2
  • 446.1
  • 64.2

Company Profile

Virgin Money Holdings is a simple UK retail-only bank that is focused primarily on providing residential mortgages, savings and credit cards. It also offers a range of investment and insurance products and, more recently, a basic personal current account. Distribution is through a range of channels, including intermediaries, online and mobile, call centres and a national network of 75 stores and seven customer lounges. Key attributes include: (1) a powerful, high-profile brand; (2) a strong, experienced management team; (3) capacity for strong growth; leverage to boost returns; and (4) it is unburdened by legacy exposures or business model challenges.


Major Shareholders%
Virgin Group Holdings34.9
Standard Life Aberdeen9.8
Prudential plc6.6
Blackrock5.3
FMR5.0
  • VIRGIN MONEY HOLDINGS

    Closing Price (p): 382.5

  • RATING 20/12/17

  • PREVIOUS RATING 20/10/16

    OUTPERFORM

Analyst(S)

COMPANY DATA

UPCOMING EVENTS

July 24 2018